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Oct 13 - 06:55 AM

USD/JPY - FX Options Reinforce A Broader USD/JPY Outlook

By Richard Pace  —  Oct 13 - 06:05 AM
  • USD/JPY met big tech resistance and sell orders above 106.00 last week

  • Dealers say hedge funds and real money have increased JPY demand

  • Options were never on board with higher spot either nL1N2GZ098

  • Option flows show more interest to bet on spot falling than gaining

  • However, price action suggests it wont be a sustained or rapid drop

  • One banks revised 2021 forecast sees USD/JPY below 100.00 nL1N2H406W

  • Potential pull from big downside strike option expiries n-t nL1N2H3056





USD/JPY risk reversals Click here

JPY=EBS Click here

FX option expiries USDJPY Click here

Source:
Refinitiv IFR Research/Market Commentary

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